vonnie: jason kelly, our new york bureau chief, thank you.time for the bloomberg business flash, the biggest stories, former wall street micro trader has raised a quarter of a billion dollars for his cryptocurrency merchant bank. wasid it as bitcoin plunging from its record highs as investors committed to buy shares of his firm through a holding company that will trade in a venture exchange. a los angeles biotech billionaire buying the local newspaper. he has agreed to buy the los angeles times for $500 million and is getting the san diego union tribune as part of the deal. the biggest private employer in the u.k. is facing an equal pay case that could cost billions, a law firm claims tesco under pays it's mostly female shopfloor staff, and that more than 200,000 workers could be entitled to compensation. the company says it has not seen the complaint yet. isnie: coming up, bitcoin going for a second day of gains after regulators took it easy and comments about cryptocurrency. a deeper look at the cryptocurrency in a new segment, charting fea

scarlet: jason kelly. speaking of deal making, nestlÉ ceo plans to keep filling up a shopping cart.spot he may be targeting, next. this is bloomberg. ♪ julia: this is bloomberg markets. scarlet: time now for the bloomberg business flash. warren buffett has given a vote of confidence to pharmaceuticals. itkshire hathaway disclosed .nvested $350 million they are working on a turnaround and have been hurt by generic prices. bad news for potential home buyers. that brings a monthly payment to a $300,000 home alone. behind pac-man and space invaders was diving into the cryptocurrency space. atari will take a stake in a company building a block chain based digital entertainment platform. as part of that they will create their own digital currency called atari tokens. that is your business update. today.es falling mark schutter talked about when new growth will come from. >> how broad-based the growth is, all categories contributed to growth. that would remain the same. arein the framework you going to be one of the growth engines. we have one of the high-growth businesses, such as coffee

he spoke to jason kelly.mal,nk it is pretty and if you look at the world, the developed world will probably girl around 3% -- grow around 3%. % or less..25 multiply that for 12 months, and what do you get? you get stock market performance if you just annualized that somewhere in the 80's to 90% with 3% growth. that is simply ridiculous. stop that have to kind of compounding or else you have almost a whole year's performance in one month. what is going to happen in that scenario? will, got to go down -- well, got to go up and then down and then up. a volatile world is what should happen at the end of the day? not hour to hour the way television works or traders work or day-to-day or week to week. i think with the economy looking so good around the world, , and ithave an up year cannot be hugely up because we already did huge last year. it will find its way. jason: to using more dealmaking this year or less in terms of private equities specifically? stephen: just generally, usually have more deals when the mark

thank you so much to jason kelly, bloomberg's executive editor for global tv.g zuckerberg admitted that time spent on facebook was down following changes to its news feed. now a new report from pivotal shows how much consumption has dropped for the social network. we will show you those numbers come in next. this is bloomberg -- numbers, next. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. mark: i'm mark linton with first word news. florida gov. rick scott today proposed a tightening of his state's gun laws. governor scott announced the plan following public pressure in the wake of the killings of 17 people last week at marjorie stoneman douglas high school in p

> one crowd's moment at yesterday's wild super bowl celebration was the speech by eagles center jason kellyss in the full mummers regular al ya, he went full-on fill. >> i for 52 years you all have been waiting for this. you want to talk about underdogs? you want to talk about hungry dogs? for 52 years, we've been starving for this championship you wonder why everybody thinks we're so mean, everybody wonders why the philadelphia eagles aren't the nicest fans. if i don't eat breakfast i'm beep pissed off. (cheers). >> no one wanted us. no one likes this team. no analysts liked this team to win the super bowl. and nobody likes our fans. and you know what? i just heard one of the best this past day, bunch my favorite and it is new and i hope you all learn it. i'm about to drop it right now you know what i got to say to all of those people that doubted us, to all of those people that counted us out and everybody said that we couldn't get it done? what my main jay ajayi just said. (beep). >> i'm glad we were on a 72nd delay yesterday. because it won't be easy to top that. >> yes, but we do have

david: many thanks to jason kelly, great to have you.oalian weeks now, a hung parliament is a possibility. that is next. if you have a bloomberg terminal, check out t. v. . you could also ask a question or reach us on twitter at --@lisa weston --1 or @they david westin. this is bloomberg. ♪ ♪ david: this is what i'm looking at now. italy. they have an election coming up. and the fascinating thing is there are reports on bloomberg about how it is developing. they pulled a lot of economists -- lisa: and the always get it right. david: i'm not sure the , but a hungnostic parliament at 30% and the second most likely is a grand coalition with renzi and the third is a new election, so one is a hung parliament and a new election, so a lot of indecision in italy. we had the netherlands, germany, france, and now it really cannot decide. lisa: last year, everyone was talking about this populist wave sweeping europe. are we going to see a breakup of the european union, people following britain? everyone forgot about it because brexit going so b

thank you so much to jason kelly, bloomberg's new york. chief.ing back against a republican effort to release a secret memo. and if you have a bloomberg terminal, check us out on tv . this is bloomberg. ♪ david: this is one i'm watching today. i just came from washington and i was reminded how complicated that place is. we know there is the investigation into the present with russia but we have not focus on the fact that they're investigating on the investigators. republicans will look into whether the fbi is prejudiced in their investigation. democrats say they are not. republicans have concluded there is reason for bias and there is a secret memo we will dive old. they have sent it to the president. the democrats say it is dangerous to reveal the secret stuff. who weighs in, the head of the fbi. they said if you release this memo, it is a disaster. he is lobbying with his boss the president. it is a mess. alix: and the version that made it to the president desk is edited. democrats say the republicans change the memo without even seeing it,

thanks so much to jason kelly, great to have you here. watching china next.bloomberg terminal, if you want to check out tv , you can watch us online, check charts and graphics, just check tv on your terminal. this is bloomberg. ♪ david: ok, this is what i am watching today. we are talking all about the equity markets. china being stable and having sort of stable growth is important to make sure this does not get a lot worse. there is a lot of concern about what is going on in china. the chart here showing the shanghai composite index. look at that. chinese regulators are sending sickness about the -- signals security yuan, the regulators are sending signals, so they are rocking the boat a little bit. they have to keep it together for global financial markets. this harkens back to alan ruskin, making a note yesterday, talking about the new currency capital flows. china has capital flows on mike any other government. if they want to come all they can say is take more yuan offshore. david: it is connected to u.s. trade central action with that issue, th

let us start with jason kelly's interview with stephen schwarzman. >> is this volatility we have been? is it a new normal? >> i think it is like pretty normal. -- thelook at the world developed world will probably grow around 3% this year. i could be wrong. it could be 3.25 or less. the stock market was up about 7.5%-a percent. one month. multiply that i 12 months. what do you get? stock market performance if you annualized that somewhere in the 80's-90% with 3% growth and that is simply ridiculous. stop that kind of haveunding or else you almost a whole year's performance in one month. what is going to happen in that scenario? it has got to go down. and then it will go up and then down. it will be a more volatile world. i look at what should happen at the end of the day. not our two-hour the way -- not horur to hour. i think with the economy looking so good around the world, that we will have an up year. they cannot be hugely up because we already did huge last year. >> do you think more dealmaking or less in terms of private equities? >> generally, you have more deals when markets f

alix: the dress code was carried head posh.rot david: thanks so much, jason kelly.up, calls for latvia's central bank governor to step down. more on what i'm watching. alix: and you can watch us on the line, check out our graphics and interact with us. this is bloomberg. ♪ david: this is what i'm watching today, latvia. 2 million people a joining russia, used to be a part of the soviet union. it turns out latvia has a thriving banking sector, particularly after cyprus one out of the money laundering business. the central bank governor ilmars rimsevics has been accused of soliciting a bride. they arrested him for two days. the third-largest bank is accused of money laundering or the north koreans to support their missile program. the ecb is asking them to not give any money out. its little country, 27% of sovereign debt is held by the ecb. we have a chart that will show the spread between latvian sovereign debt and the bund. look at where the spread is between a latvian debt and german bunds. alix: you have a governing council today and frank are, so the ecb can addr

jason kelly, thank you.an sachs summit kicked off today in washington dc, and the event highlights the big power of small business pretty together industry leaders and in theirelp businesses chart for growth. david is standing by with more. we have a special guest right now, you know him as an actor, an author, and he is also a businessman. tyler perry, great to have you. >> what about my book? you haven't bought my book. [laughter] david: tell us about the business part of your life, because you have built a substantial business. years is not a small business anymore. as smallnly not anymore, but it has been incredibly inspiring for me to be here and watch all of these entrepreneurs who are having amazing success. for me it wasn't always that way, it was tough to start, i spit my own money working and saving is a bill collector and car salesman trying to get a playoff the ground, for many years it didn't work, and then in 1998 and thing turns around. i took that into film and television, and owning a studio

joining us now is jason kelly, our new york bureau chief. to start with a hedge fund winners and losers. that is where we can really separate what has been happening. figureing how you can this out, the speed of information on wall street. these are pretty massive here,ences, as you see longtail l five, up 100%. i would call that a winner. then you see some familiar names including man group down 7%. a student of the hedge fund industry would say this is how it should work, you should have winners and losers, ultimately you are betting on things going one way or the other. when we have seen in the market these past few days has been so extreme, it will continue to play out not just through hedge fund results, bank earnings, and other elements. we had a lot of reporting of this on bloomberg, but this was almost a hidden industry within wall street. david: we will see how this sorts out over the long-term, but that suggest to me, that looks very unhedged to me. alix: aside from a fund betting long or short vol, you have volatility control fund

joining us now is jason kelly. gina powell, we all know her. a prominent position at goldman before, went to the trump administration, and not coming back in a different edition. jason: this is not wholly unexpected. the reason there is a joke about the revolving door in government is because it's true. thats interesting here is dean of powell went down to do a pretty important job, seemingly advising the ivanka trump because she is close to the vodka and jerod. david: i think that is how she got into it. she was elevated into a more of a national security role. now coming back to goldman sachs, it is a pretty big job, dealing with sovereign wealth funds, will be on the management committee. there she was in charge of 10 dozen women program, important program, but this puts her right in the heart of the new goldman. was a major philanthropist, and now she will be a banker. alix: i know you said not wholly unexpected, but this quickly? jason: it probably makes the most sense. you want to take advantage of the fact that she has been in the trenche

also with us is jason kelly.tlemen, great to get your perspective, joe, thank you for your patience. talk about the opportunities that the -- that ubs sees in the u.s. joe: when you think about investment banking globally, the u.s. and the americas real large are the largest. substantially larger of by india and aipac. deal are robust, rule of law is good. when we think about a growth opportunity to match our global footprint, there is nothing better. jason: when you look at the regulatory environment, what's happening in the markets, even in the last week, how does that look going forward in terms of what sectors may be interesting, where are you looking right now joe: regulation is a fact that we have to deal with. all investment banks have to deal with it. i like to think of regulation as being a writer, not an anchor to our business. it gives us direction. in terms of sectors, that will be robust this year. in the intermediate term, tnt, infrastructure, biosciences, health care, internet of things, if you can

mcveighhat was henry with bloomberg's jason kelly speaking earlier today.: is now time for the bloomberg business flash. planned ipok's remains on track for the first quarter according to people familiar with the matter. 25%sche plans on selling for uber $5 billion. the spike in volatility has raised concerns about potential delays in investment banking activities. fcc isad of the under investigation. whether he improperly push for changes that help clear the way for sinclair broadcasting's proposed purchase television stations. there with the determine a pattern of preferential treatment of the broadcaster. $2.75 millionld shares this week, and repertory 200ngs show it generated $11 million, and is the first time wilson hassled stock since december of 2014 at follows the resignation of lululemon's ceo. the money will be used to fund other ventures. and that is your business flash update. joe: what you need to know about tomorrow's trading day. this is bloomberg. ♪ julia: the cap for january being released tomorrow. scarlet: that does it. joe: have a great

look at the parade and everything that went on, all the fans, all the speeches players gave -- jason kelly: that was right up there with dr. martin luther king. [ laughter ] that was some speech, and some outfit he was wearing too. what did he say again? like everybody was eating breck fast and didn't get to eat breakfast? >> i'm going to change the language a little bit. i love it, watch the real one. he was trying to say, why are philly fans the way they are? everybody wants to know why there's so much passion or anger or whatever you want to say it is. you just -- what he said was this. philly fans have been starved for 52 years for a championship, if i don't eat my breakfast, i'm pissed off. >> jimmy: right. >> you can fill in the words. >> jimmy: i see, right. >> he is, if he doesn't eat breakfast, he's pissed off. >> jimmy: he made ann analogy everyone can relate to. >> it was perfect. i sat there in awe just watching him go off on every single person. he had all his facts. it was pretty fun to be a part of. >> jimmy: you're from austin, texas? >> i am. >> jimmy: your hometown. you g

joining us now is jason kelly, 13 -- is out. jason: always the most exciting. going to sell ibm but he's old a lot of ibm. jason: he is pretty much gone. it was always a little bit puzzling to people because he has admitted over time that he has missed tech but he did go .nto ibm bridge in retrospect david: he stuck with the for so long, saying it would be fine. jason: it was not fine. the shorts did not like that at all. jason: there is no bigger names and warren buffett in this regard in terms of who investors, large and small, look to. it is worth noting that while he has largely avoided tech, starting in 2016, warren buffett and berkshire hathaway have started to go into apple a bit. so he has enjoyed a pretty nice appreciation there. at a time when investors and hedge funds have .ot been as enthusiastic alix: some bought apple but a lot about things like apple -- like netflix and facebook and alphabet. and this is backwards looking. a strategic profit taking into the end of the year? or is this actual commentary on supporting amazon and apple but netflix g

david: jason kelly, thank you. regulators and the volatility spike. tv and watch us online, interact with us directly. go to tv on your terminal. this is bloomberg. ♪ aftermath of the low volatility products. we know the whistleblower came forward. turns out that the sec is looking at it. what caught my eye as they are not sure they did anything wrong. they asked for documents from credit suisse. one thing that caught my eye was that given what happened to come you remember volatility spiked on monday and came down on tuesday, you would expect that if you bought at the end of that monday, you would make money on tuesday. it went the other way. the sec is scratching its head. alix: it is so expensive for these guys. go along vol, you could lose billions and billions. -- mikep, mike bless. this is bloomberg. ♪ alix: china takes the control of nbang insurance. powell's purview. a new fed and a new monetary report. we will get a preview of the new testimony to congress next week. david: i am david westin with alix steel. alix: happy friday. davi

kelly,oining us is jason executive editor for global television area jason -- television.che bank, chrysler two reasons. one, we are seeing cuts. and number two, will this number of people move the needle of the company? jason: deutsche bank has not been doing awesome, to use a technical term. specifically, will be look at fixed income, and equities over the last quarter, that is where they are hurt great on the rise reside, they had in doing well. it does seem, going back to what you said, a bit surgical, but that is what cryan is having to do these days to try and get this back on track. david: in fairness to john cryan, it could high paid people. alix: certainly mid-level people. jason: there is a lot of cash. david: it is not easy leading 200 people go. -- letting 250 people go. alix: and he will not get the 2017 bonus. david: that is cold. alix: that is harsh, e-work the whole year and they get fired. jason: speaking of deutsche bank, one of the most read stories on the terminal is about an ex deutsche bank trader, who actually left and now is writing a postal opposit

david: a lot to sort out, thank you, jason kelly.g up, media giants face the choice of eating or being eaten in the wake of walt disney's --d for most of 20% to fox 21st century fox. you can watch us online, or interact with us directly at tv on your terminal. ♪ ♪ or another ugly day in the equity market. 1.5 until the cash open. dow jones futures off i went hundred 86 points. we could read down as much as 2%. s&p futures broke below key technical levels yesterday, and will it be able to recoup losses today? it is down .3 in the futures market area the dax logo session in europe and pretty ugly session there, as well. we are seeing a safe haven did in certain areas, in particular, the 10 year german bund yield, down by seven basis points. if you change up the board, you can see other asset classes. the fix near 50. quintupled -- the fix near 50, quintupled. 10 year yield unchanged. not a lot of safe haven buying in the treasury market, more in europe. the dollar getting a bit, up .3 and oil rose over, providing no help to the eq

he was speaking to jason kelly and washington, d.c.potlight on valentine's day. global cocoam the industry bitter or sweet? we have the outlook. this is bloomberg. ♪ ♪ kathleen: this is "daybreak asia ." i am kathleen hays in new york. yvonne: i am yvonne man in hong kong. a big day for chocolate lovers, my self -- myself included. they expect to see growth with the world cocoa prices expected to stay low. -- the consumer staples analyst joins us to talk about this. certainly good for the chocolate lovers out there. you think the prices are so low these days. but how does the industry look as a whole? >> we are looking at 2% to 3% growth. we believe asia, particularly emerging markets, will drive that growth. markets likek of china, indonesia, the philippines, it is low relative to more secure markets. yvonne: why is that? >> income levels are still just getting in to the adult population of consuming chocolate. players, they are looking to have sweets back and bring people to try them. as they start to expand, it will fuel consumption

david: many thanks to jason kelly., ford motor company's head of north american operations is the latest executive to step down in the an investigation involving inappropriate behavior. alix: check out our charts and graphics on the bloomberg. this is bloomberg. ♪ david: this is what i'm looking at and it is not pretty. it involves ford motor company. there have been a number of men behaving badly in high positions . now we have a ford motor company executive, raj nair. a really up-and-coming executive. he was with ford for his entire career, ran asia-pacific and africa, global product and then tookg head, cto, over as president of north america and is now stepping down for inappropriate behavior. this is the end of a career that was sort of storied in the industry. he was talked about a potential down the road ceo to replace jim hackett. this is where jim hackett had to say. it is a sad story but also alix: important. we have seen it impact the news headlines but we have not seen it impact company earnings, maybe with

alix: jason kelly is joining us, executive editor for global television at bloomberg, and i was interestedackstone announcement. john gray, president and coo, what will they look like under him? >> we will see. blackstone becomes graystone. alix: you had been working on that. [laughter] >> took a long time to say that. david: well played. isthis is a headline that not unexpected and it really many ways thef in succession planning for the big private equity firms. for blackstone specifically, probably the biggest piece of this is that this is not a private equity guy, it is a real estate guy. he hasay, the only job had is at blackstone and he came in the early 90's, straight out of penn, he comes and essentially builds a giant real estate empire, and along the way does some of the most influential real estate deals ever done, whether it was equity office properties at the tail end of the boom in 2007, or hilton, which will go down as one of the biggest real estate deals. david: they are still making money off of that. >> right. david: you know these people, i know only a little bit, this ma

we had joining us jason kelly, bloomberg's new york euro chief and executive for global television. th airbnb. this is a well-known name. jason: one of the reasons i love the story is and is known around wall street and silicon valley, and it was one of these handful of big time wall street executives who made their way to silicon valley -- david: jobs try to get him to become cfo. jason: that is exactly right. this follows in the path of , and he went out to be the cfo of airbnb and it did not work out. based on what we are hearing, there were some tensions over the fact that he did not get the coo job. david: we do not want to bury melinda but the woman, johnson, she got the big job. in some ways, that is the bigger story. alix: i want to know what laurence will do now. david: she will be one of the most influential women in silicon valley. jason: a question around airbnb is the timing of -- alix: the ipo. we are watching ray dallas, a triple -- great alley-oop, he triple -- ray dalia. jason: i love this because it is a driven bet. the italian elections are coming up. when you see

thank you, jason kelly. coming up, and ra boycott -- nra boycott backlash.t i am watching, next. if you have a bloomberg terminal, check out to be . you can watch us online, and interact with us likely, go to tv on your terminal. this is bloomberg. ♪ ♪ david: a beautiful day in new york. this is what i'm watching today. it is the nra, the gun control issue. they have gone back and forth with company saying, we are not sure we want to deal with the nra. delta and united airlines said we will not give you a discount to go to the convention. well, lieutenant of georgia said that isn't a great idea. he said, if you will do that, delta, then we are going to tickle your tax break. this is what he had to say -- i will kill any tax benefits at delta unless they change their position in reinstate the relationship with the nra. corporations cannot attack conservatives can expect this not to fight back. alix: the first that i have this, does he have authority or is this just a tweet? david: as lieutenant governor, he cannot do it. they would have to take actio

david: that was the virgin group founder sir richard branson speaking to jason kelly in washington dc headlines. the ceok of meyer, stepping down. this has been marked by shrinking profits and a share slump that almost wiped out there market value, down 69% compared to 1.2 decline. the company said last week that trading had worsened and could not give a full-year profit forecast. uber in during a painful 2017, but still managed to grow operations. the company has chosen to release financial information to investors in the recent quarters. adjusted net revenue increasing in the fourth quarter year on $4.5 billion,t that is $7.5 billion over a 12 month period. david: counted on to the real of markets in japan. it is not going to look pretty, futures are down since the lunch break and the dollar -yen at 1.0 7, 15 month low. and brace yourself for tokyo, next. this is bloomberg. ♪ haslinda: a beautiful and night in new york city, almost 10:30 p.m. and the markets are recovering from the $2 trillion stillt from last week, the risk lingering and volatility is easing ahead of the inflation

lido isle advisors president, jason rotman and kelvin kelly.p in mind what is going on is it odd to you that the volatility index has had the biggest four-day drop in history, down 43% after a crazy week last week of great fear? >> i think what is important to note. that the vix curve inverted. what i mean by that, the three-month is lower than the spot yesterday. this is mean reverting. so i'm not surprised by it. liz: jason, what about you? >> i agree. last week's move was truly not a fundamental move it. was a position unwinding. it was a vix etf blow up move. i think market is taking a breath, realizing the economy is strong. gdp is growing. people are paying less taxes. [closing bell ring] the dow should still be strong. liz: much more on the shooting right now on "after the bell." david: it is a very busy hour. we're keeping a very close eye on the developments surrounding the florida high school shooting. at least one person has died. we are hearing from one florida senator, there may be, i'm quoting him now, many deaths. the shooter, lo

kelly. it's time for our sunday group. former republican congressman, jason chaffetz. marie harf. chael bade that covers congress for politico. how do you claim way the white house has handled or mishandled the rob porter scandal and do you think general kelly's job is in real jeopardy or do you think these leaks that the president is mentioning other names as a way of him showing kelly whose boss? >> i think they still have a lot of confidence in general kelly. i think mick mulvaney if it came to that would be a great chief of staff. even white house spokesperson said earlier this week they had mishandled this. i do think the white house should have an accounting. who has security clearance and who doesn't? if you have to take time out and take another job. and the closest people to the present, cannot be operating with proximity to top secret classified information without a security clearance. i think it's pretty black and white. >>chris: we asked you for questions for the panel and we got this on twitter from breadth - - rights given the last year with high-profile harassment a

>> they said bob kelly could never do traffic. ahh! >> ahh! >> i got it jason i got it. i'm on it.n it. >> schuylkill. [ cheers and applause ] >> they said, they said -- they said he couldn't do radio. he couldn't do tv. he's doing both. >> yes. >> "the q"! >> come on. >> come on. >> "the q"! >> yes. >> that's why we're number one. top dogs in morning television. now i'm bleeping hungry. i'm bleeping breakfast. >> with all dee respect to mike jerrick nothing can top jason kelce's speech. that was awesome. >> it was funny. >> minus a few expletives. >> a little potty mouth there. >>> eagles big win at the super bowl isn't the only thing that people are celebrating. wait until you hear this. >> all that winter gear people brought up to the twin cities up there, it's going to help people in need. fox's naomi pesky vets explain. >> this pick up at the raddison blue in downtown minneapolis is just one of many for a very busy woman. >> nancy's idea was born late last week when she saw a post from a texas man who said he bought winter boots for the super bowl. boots he'd likely never wear

my appearance to determine how to cover -- we may take some live it depends on what jason wants to do, as you know, kelly>> yes, he's the boss. steve, thank you very much steve liesman there. could be fun tomorrow. >> david wessle makes you shudd shudder. >> the whole crew, they taught me 40 minutes to go in the session. let's talk about the home construction etf falling nearly 5% just this year, so far in the past two months. mortgage interest rates have started to accelerate since early december pulte group down 13%, dr horton down 12%, lennar down 10% and kb down 2%. let's get to diana olick who has more on what's happening with housing. >> reporter: we just got a pretty strong sign of things to come in housing. a drop in sales of newly built homes in january and mortgage applications to buy a home also down for the past month. much of that due to higher mortgage rates take a look at where they we want from january 1st to january 31st, up a quarter of a percentage rate. the new tax bill was signed into law and takes away for tax breaks new home sales fell over 7% for the month after falling even more

kelly as you tell ter lands spring. church shooter. dylan roo roof, navy yard shooter. adam lanza, jasonmes in the aroar can a colorado movie theater. jared lockner. to say this is not a big part of this issue i think undercuts, you know, serious part of what we are talking about here. >> and that's just somebody who hates guns and hate the second amendment, martha. compare the two. what trump did was repeal law that dealt with people who received ssi payments, everything from as trace said anxiety or minor depression. veterans who were suffering from ptsd without due process. no hearing. their constitutional rights were stripped. now, look at young nikolas cruz, repeated calls about his threats of violence. repeated calls about his out-of-control behavior. about his threats against schools, against students, about the fact that he had guns and he was going to use those guns to shoot up schools. comparing those two concepts is -- they are not comparable. and the fact is that the broward county sheriff's department should have taken action. they didn't take an action. there is no comparis

i wonder, jason, you know, if this were last week, there would have been certainly outstanding questions, we may still see them today about rob porter, and security clearance and john kellyow all of this was handled. in light of the week we have had, how would you, if you were advising the trump white house, how would you advise them to deal with those kinds of questions in light of talking about gun violence, and these other issues that we expect at the briefing today. >> i think it is very important that sarah opens up the briefing, reminding everyone of the human tragedy from last week. before the reporters take it down the angle of becoming too politicized, we have 17 young people and a coach killed, others in the hospital, i would always -- i would have the -- sarah go out there and say, remind people the president went and met with first responders and victims. this is important because this will devolve into a political scrum, that's the nicest way to go and say it. to go and remind people of the message that the president wants to tell, to go through and talk about the small business confidence, the low unemployment rate, to push the positive economic numbers we'

jason: the porter allegations are creating a feeding frenzy with the president. they protected and promoted porter. >> there were several other ways the white house could have gone. the choices made by john kelly and others are inexcusable. >> they project abuser, no way of getting around it. people will say you can still be a good president and do your job, no, any other white house as soon as you would hear that you would get rid of the person. >> the reaction to this fully in character is utterly repulsive. >> jason: also developing tonight a second white house staffer resigned. speech writer david sorenson after his ex-wife claimed he was violent during their marriage, a charge that sorenson is denying. let's explore it with conservative television host alley stuckey and leslie marshall. thank you for being here. leslie, i want to start with you. how do you think the president and the white house dealt with this situation? >> you know, jason. sometimes it's not the crime, it's the cover-up. that's the problem here. it was who knew what and when and why or in this case why wasn't something done about it? we do know that kelly knew about this in the fall. we do know that this information was

jason, ross, ed, thank you for talking apple. appreciate it. >> thank you. >>> we want to circle back to alphabet now our aditi roy has a little more on those earnings. aditi? >> that's right, kellyt off the phone with alphabet cfo and we covered a range of topics including competition with amazon and the company's big bets on youtube and icloud i asked her about wwp's ceo. he was on our air and said he was expanding his company's ad budget by 50% and how she views the competition with amazon. she said the following -- she said, we're doing a lot to protect the ecosystem, the majority of advertisers -- she said, we know we operate in a competitive market we're focusing on delivering the best experience for users and advertisers. she talked about youtube, the controversy around logan paul. here's what she said on that stoppic. she said we know we're doing a lot to protect the ecosystem, the majority of advertisers never left and those that did came back. and we also followed up and talked about catch repatriation, asked her about that whether or not we can expect to see alphabet follow apple's lead on that. shelle told us the repatriation tax does plrovide a lot of flexibility but

general kelly, with his military background, for her, she is out of the white house and to line with general mcmaster -- tom: interesting. let's move on the tragedy to what we do each day, jasonny times, in the wall street journal today with an important essay. actual growth over the next 5-10 years that vary from 1.5% to , imagine you're asked to predict the high temperature in boston on christmas and you may say 43 degrees for the average over 10 years, or 40 degrees, the average over the half-century and it could well end up being 20 degrees or 60 degrees. a brilliant distribution of the uncertainty we have. slower growth is less the fault of the president than of his generation. this is an important essay about the plug-ins of a fiscal certitude. how will the white house handled the very abilities of the tax-cut and burgeoning deficit after it? -- i thinkwhat his that is important because this is the new normal. that policymakers have suggested for quite some time, even during the obama administration. the new normal of economic growth is something that politicians are saying should not be the new normal but policymakers are saying, this is where we are. lawmakersent and

david: many thanks to jason kelly and liz ann sonders of charles schwab.ing up, the federal budget, immigration, in the social, and the gas tax. we will cover it all with marc short, next. as you commute today, you can tune into our colleagues, tom keene and jonathan ferro, from 7:00 to 9:00, and pimm fox joins from 9:00 to 10:00. the can be heard across united states on sirius xm radio. live from washington and new york, this is bloomberg. ♪ ♪ kailey: i am kailey leinz in the qubit packard enterprise -- in the hewlett-packard greenroom. coming up, chris coons of delaware. david: marc short disappointment for the white house when it comes to legislation and he has busy months its remit tax cut and budget deal.he may not be done yet . he has infrastructure and immigration to come. we welcome a busy white house director, t y for spending time with us. marc: thanks for having me. understand you will correct me if i am wrong, you were not done on the budget because you have the overall number but there are appropriations to be done. we are not sure how this mo

david: joining us now is jason kelly. we want to talk about broadcom and qualcomm.ll street reacting? this, of a case like couple of minds. it depends on who you're talking about. stocks are going down. for our friends in the hedge fund business, this may finally introduce some of that volatility that they have been waiting for. we talk about this a lot. a lot of the hedge funds have had a real hard time justifying those big -- because they have not been able to make the money. alix: that assault big investment banks. you can now hedge the trade. you can do something with it that might hurt less. david: the hedge funds have no more excuses. was 18 for a hot second. let's see how that plays out. david: let's talk about james gorman. alix: broadcom. >> that deal is something that people are really looking at. back in the old days of 2017, and as you mentioned, this would be the biggest tech deal ever. it is up to $121 billion. it is real money. it does have a couple of potential ramifications. the chip industry doesn't look much like anything he did back when i was co